A shocking new report reveals what could be the biggest crypto scandal of the decade โ and Donald Trump is right in the middle of it.
Hereโs the quick scoop on the $XRP TRUMP token โ a coin hyped up with MAGA energy, skyrocketed in value, then crashed hard. Now, thousands of people are left with major losses.
๐ Quick Facts:
๐ต Started at $0.18, jumped to $75, now around $16
๐ Over 810,000 wallets are currently losing money
๐ธ Total estimated losses: $2 billion
๐ต๏ธ A wallet that bought $1.1M worth of $XRP TRUMP just 2 minutes after Trumpโs Truth Social post made $109M profit in 2 days
๐ฐ Trump and his team are said to have earned over $100M in trading fees
It all began just 3 days before Trumpโs inauguration, when he posted: โJoin the Trump Community. GET YOUR $T$XRP TRUMP W.โ
Thousands followed. Now, many of them are stuck holding losses, while Trumpโs circle walks away with millions.
๐จ Suspicious Trading? Chainalysis Investigates Crypto research firm Chainalysis looked into early trades and called them "textbook insider behavior."
That wallet that made $109M? It was created just before Trumpโs post โ and made its first move right after.
There are also claims that Trump or someone close to him may have had inside info about the launch and liquidity setup. All of this while heโs still influencing crypto regulators at the SEC and CFTC.
โThe president is involved in shady crypto deals that hurt investors โ while picking the people in charge of watching over them,โ
โ Corey Frayer, former SEC crypto advisor
โ What Now?
This situation raises big questions:
Should the DOJ or SEC launch an investigation?
Can a political leader use crypto hype to make money with no accountability?
Is this just another ICO-style scam, but with more power behind it?
๐ฃ๏ธ What do YOU think? Is this just crypto being risky, or something way more corrupt?
Drop your thoughts below!
And donโt forget to like, share, and follow for more real stories from where crypto meets politics.
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